Solar Power, Wind Power & Renewable Energy Industry Market Research

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Solar Power, Wind Power & Renewable Energy OVERVIEW

The renewable energy sector is undergoing transformative growth, driven by technological advancements, policy incentives, and global commitments to sustainability.  Solar, wind and other renewables are leading this green revolution.  Here's a concise overview of the most critical trends shaping the industry:
1. Solar Power: A Surge in Innovation and Deployment
Solar energy has seen remarkable advancements in efficiency and cost reduction.  Global installed photovoltaic (PV) capacity has skyrocketed from 41 GW in 2010 to over 1,400 GW in 2023.  Technological innovations, such as perovskite-based solar cells and hybrid silicon designs, are pushing efficiency boundaries while lowering costs.  Utility-scale solar farms and community solar projects are expanding rapidly, bolstered by government tax credits like the U.S. Inflation Reduction Act, which incentivizes domestic manufacturing and installation.
2. Wind Power: Scaling New Heights
Wind energy, particularly offshore, is scaling up.  Advanced turbine technology has increased capacity and efficiency, reducing costs to as low as 3.3 cents per kilowatt-hour.  Globally, wind capacity reached 1,017 GW in 2023, with projections suggesting a climb to 3,000 GW by 2030.  Offshore wind farms, such as the $10 billion Formosa 3 project in Taiwan, exemplify the sector’s potential, despite challenges like high initial costs and permitting delays.
3. Battery Storage and Grid Resilience
Energy storage is critical to managing intermittent renewable sources like solar and wind.  Investments in battery technology and capacity expansion are surging, with the U.S. projected to reach 94 GWh of utility-scale storage by 2025.  Enhanced grid technologies, coupled with AI integration, are also improving energy distribution and optimizing renewable energy utilization.
4. Green Hydrogen: The Next Frontier
Green hydrogen, produced through renewable-powered electrolysis, is drawing significant investment as a versatile, clean energy source.  Projects like BP’s $30 billion Asian Renewable Energy Hub highlight its potential to decarbonize industries and provide long-term energy storage.  However, challenges remain, including production costs and storage complexities.
5. Emerging Technologies: Geothermal, Tidal, and Biomass
Geothermal energy is advancing with techniques like Enhanced Geothermal Systems (EGS) and SuperHot Rock (SHR) technologies, offering emission-free, reliable power.  Tidal energy, leveraging predictable ocean movements, is gaining traction with innovative designs like the Orbital O2 turbine.  Meanwhile, biomass energy, including waste-to-energy projects, is addressing landfill management while contributing to the energy mix.
6. Policy and Global Investment
Policies like the EU's renewable mandates and the U.S.'s Inflation Reduction Act are catalyzing investments.  Countries like China, India and Brazil are ramping up renewable infrastructure, with China leading in solar and hydropower capacity.
The renewable energy sector is evolving rapidly, with solar and wind power spearheading the transition.  Innovations in storage, sodium-ion batteries, green hydrogen and emerging technologies further amplify this growth.  While challenges like supply chain constraints and environmental trade-offs persist, the future of renewables is undeniably promising, aligning with global decarbonization goals.  The continued synergy between technology, policy, and investment will be key to realizing this sustainable vision.
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Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


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PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

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A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Solar Power, Wind Power & Renewable Energy Industry. Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues

  • For Public Companies: Detailed Financial Summaries

  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Solar Power, Wind Power & Renewable Energy Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry

  1. Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry

  2. Introduction

  3. Solar Installations Slow Due to Government Cuts in Incentives and Tax Credits

  4. Photovoltaic Technologies, Thin Film Solar, Quantum Dots and Solar Panel Efficiency

  5. Utility Scale Solar Power Plants

  6. Wind Power, Including Offshore

  7. Hydroelectric Power

  8. Geothermal Power

  9. Biomass, Waste-to-Energy, Waste Methane and Biofuels from Algae

  10. Ethanol Production Is Massive for Fuel Additives

  11. Cellulosic Ethanol Makes Slow Commercial Progress

  12. Tidal Power

  13. Green Hydrogen Draws Major Investment and Development

  14. Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market

  15. Electric Cars (EVs) and Plug-in Hybrids (PHEVs) Spur Changes at Auto Makers

  16. Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage

  17. Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices

  18. Homes and Commercial Buildings Seek Green Certification

  19. Smart Electric Grid Technologies Are Adopted/Massive Utilities Investment Needed

  20. Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy

  21. Storage Battery Technologies and Installations Boom Worldwide

  22. Safer Nuclear Power Plants Under Construction in Many Nations

  23. Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI)

  24. Interest in Nuclear Fusion Grows

  25. New Display Technologies with PLEDs

  26. Electric Utilities Adopt Coal Emissions Scrubbers While the Industry Tests Carbon Capture and Clean Coal Technologies

  27. Superconductivity Provides Advanced Electricity Distribution Technology

  28. The Future of Solar, Wind and Renewable Energy

Plunkett Research Provides In-Depth Tables for the Following Solar Power, Wind Power & Renewable Energy Industry Statistics

  1. GreenTech Industry Statistics and Market Size Overview

  2. Global Renewable Energy Industry Statistics and Market Size Overview

  3. Energy Production by Renewable Energy, U.S.: Selected Years, 1955-2024

  4. Total Renewable Electricity Net Generation by Source & State, U.S.: 2024

  5. Estimated Levelized Cost of Electricity (LCOE) for New Electricity Generation by Energy Source

  6. U.S. Renewable Energy Consumption by Energy Source, 2021 vs. 2024

  7. Fuel Ethanol Production & Consumption, U.S.: 1990 - 2024

  8. Biodiesel Production & Consumption, U.S.: 2002 - 2025

  9. Federal R&D Funding by Character of Work and Facilities and Equipment, U.S.: Fiscal Years 2023-2025

  10. Federal R&D Budget & Distribution by Agency, U.S.: Fiscal Years 2023-2025

  11. U.S. Department of Energy Funding for Science & Energy Programs: 2024-2026

  12. Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2023-2025

  13. Federal R&D & R&D Funding for Basic Research, U.S.: Fiscal Years 2023-2025

  14. Federal R&D & R&D Plant Funding for Transportation, U.S.: Fiscal Years 2023-2025

  15. Federal R&D & R&D Plant Funding for Agriculture, U.S.: Fiscal Years 2023-2025

  16. Federal Funding for Research, by Agency & Field of Science & Engineering, U.S.: Fiscal Year 2023

  17. Top 10 Countries by Installed Wind Generating Capacity: 2024

  18. Top 15 U.S. States by Installed Wind Generating Capacity: 1st Quarter 2024

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This industry onlyPublication date: Jan 2026
ISBN-13: 978-1-64788-589-2
ISBN-13: 978-1-64788-097-2
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